Quebec's economic growth affected by Asian compe - sportstextiles: Lea SportsTextiles

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Quebec's economic growth affected by Asian competition

16/10/2006

Quebec's economy is expected to grow by 2% in 2006 and 2.1% in 2007, according to a new report from financial group RBC.

The rise of China and India's manufacturing sectors, high energy prices, a strong Canadian currency, and a slowing US economy are all presenting challenges to Quebec's economic growth. Despite this, its manufacturing shipments are up by about 4% on a year-to date basis.

Textiles and clothing manufacturers continue to be squeezed by low-cost competitors.


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